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Oplink-OCP Deal Closes

Oplink acquires the remaining shares of OCP as the companies' merger gets approved

Craig Matsumoto

October 31, 2007

1 Min Read

FREMONT, Calif. -- Oplink Communications, Inc. (Nasdaq:OPLK), a leading photonic components, intelligent modules, and subsystems solution provider, today announced that it has completed the acquisition of the remaining 42% of outstanding common stock of Optical Communication Products, Inc. ("OCP") that it did not already own, by means of a merger between OCP and a wholly-owned subsidiary of Oplink. The merger was approved earlier today by OCP shareholders holding more than two-thirds of the OCP common stock not held by Oplink. The merger became effective immediately after the close of trading today. As a result of the merger, OCP became a wholly-owned subsidiary of Oplink. Pursuant to the merger, Oplink will pay $1.65 per share, or approximately $80 million in the aggregate, to former holders of the 42% of OCP common stock not held by Oplink.

Oplink Communications Inc. (Nasdaq: OPLK)

About the Author(s)

Craig Matsumoto

Editor-in-Chief, Light Reading

Yes, THAT Craig Matsumoto – who used to be at Light Reading from 2002 until 2013 and then went away and did other stuff and now HE'S BACK! As Editor-in-Chief. Go Craig!!

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